Don't know why it rallied , they are asking for a huge leap of...

Don't know why it rallied , they are asking for a huge leap of faith. I can only see shorts being added now, especially if they is any kind of rally from here. I would like to know when it is officially known you can't service a $1.4 billion debt is it EBIT of $200m , $100m or maybe more. They must be getting very close. Doesn't say much for their thoughts on the IO price if they are willing to payout contracts that extend for 2 years or so.